CTD Daily Views: Coal prices rose at a high level in Shaanxi and Inner Mongolia

Coal-producing market--- Coal supply in Shaanxi and Inner Mongolia continued to be tight, and prices rose at a high level. Affected by safety and environmental protection inspections, the illegal coal production will be significantly suppressed. At present, the resumption production of coal mines in Yulin City is still poor. The sales of mines under production are in good condition. And there are lots of vehicles lining up to pull coal. Downstream procurement demand was strong, but the management of coal mines'selling tickets in Ordos was strict, coal production and transportation are affected to some degrees therefore, and sales were shrinking. Current daily coal sales volume by road was reduced by about 200 thousand tons/day compared with that of the end of February.
 
Seaborne coal market--- Coal quotation in the seaborne market has increased a little. The mainstream quotation of 5,500 Kcal/kg thermal coal was around 640 yuan/mt, and the mainstream quotation of 5,000 Kcal/kg thermal coal was around 565yuan/mt. With the rapid rise in prices, the enthusiasm of downstream users for procurement has declined, and the actual transaction volume has not continued to expand.
 
Imported coal market--- It is reported that Fangchenggang Customs currently has limited regulations on time and quantity for Australian coal vessels that are loading or unloading. The Australian coal trading was weak in the market. A coal mine in East Kalimantan, Indonesia, has encountered force majeure. Indonesian coal supply was tight and coal prices still have an upward trend.